Hi, I am planning to buy a property. The property is on sellers maiden name (Prasaana Lakshmi reddy). She is now married to Suresh Rao and has PAN number as Prasanna Lakshmi Rao and Bank account with UCO bank as Prasanna Rao. As you can see there is difference in all the three names. Seller wants me to issue payment in favour of Prasanna Rao and I need to also do TDS since the transaction is exceeding 50L. I request the learned forum members to guide me if there is any issue in the same. She is willing to provide me with e Marriage Certificate. Would this be enough?
Looking forward for suitable guidance.
refards,
Vamsi
CAclubindia
